GBPUSD and NZDCHF and EURUSD Technical Analysis

OANDA:GBPUSD   British Pound / U.S. Dollar

Here on GBPUSD we have been in a Bullish channel and inside this channel it has formed a Bullish Flag. As we see on the chart the price has got rejection from two support lines of the Bullish channel and the Flag and also a very strong Support area.

Buy now or Buy at 1.40767

SL @ 1.39890

TP1 @ 1.41820
TP2 @ 1.42430
TP3 @ 1.43389

here on NZDCHF on the bigger picture we see a Bullish Flag and it seems that if we get a break above the short term Resistance within the Flag the price will move higher to touch the upper band of the Flag.

Here on EURUSD we also see a Bullish Flag, The price is near the Support area and the Support line of the Flag. It seems that the price can't get a way from it. If we see a good long entry in the lower time frame we can go long, however if the price ranges at this area the probability of the breaking below the Support increases.


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